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Mar 23, 2013
03/13
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this was part of the deal by extending the debt ceiling. because they wanted to make the democrats vote on a budget. lou: how can so many members of our senate continued to spend whatever and the like they have on these procedural maneuvers. >> that is basically what the senate does. >> there i go. >> constituency to get the house and the senate together. no presidential leadership yet for a grand bargain. no sense that we can reform the tax system and entitlements. perform defense and have a rational rational and reasonable defense. >> why in the world is the president of the united states not moving forward with a budget that would be a blueprint to resolving those proposals? >> the words that seem to be operative here are cowardice or opportunism. it has to be one of the two. >> to do the wrong thing continually is not the act of a coward. lou: are you saying that the president is incapable of doing the right thing? >> i'm comparing how talented this manis. >> why doesn't he apply that? >> you know, that turns out to be laughable. the od
this was part of the deal by extending the debt ceiling. because they wanted to make the democrats vote on a budget. lou: how can so many members of our senate continued to spend whatever and the like they have on these procedural maneuvers. >> that is basically what the senate does. >> there i go. >> constituency to get the house and the senate together. no presidential leadership yet for a grand bargain. no sense that we can reform the tax system and entitlements. perform...
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Mar 22, 2013
03/13
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and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen are doing themselves a disservice. hos
and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the...
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Mar 21, 2013
03/13
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you talked about the debt ceiling, what did he say about that? >> i did. one of the next fights comeing up here, we could expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from entitlements because you can't do enough of what we've seen so far, discretionary spending. tracy: they want us off the beach in the summer. we'll have another debt ceiling fight, be here in august sweating it out again. >> yeah, can't wait. tracy: i know, me too. rich, take the vacation now, thanks. >> yeah. tracy: ha-ha, okay, you may want to sit for the next story. members of congress workedded together and passed a bill that will keep the government open for the next six months. who knows what happens in six months though. now the deadline was not tomorrow, and there were no f
you talked about the debt ceiling, what did he say about that? >> i did. one of the next fights comeing up here, we could expect to hit the ceiling this summer in august. he says we're not going to agree to raise the debt ceiling without doing something about entitlements. mcconnell says this brings the president to the table so republicans want an equal number of cuts or more cuts than whatever amount they agreed to raise the debt ceiling by. mcconnell says it's got to come from...
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Mar 18, 2013
03/13
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ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who said our debt is the most critical national security crisis of the country. that it is coming from the chairman of the joint chiefs of staff. i believe everybody else in washington, dc would get onboard. you would not think that something such as that financial matter would have something to do with national security but it does you. look at what its going on with the missile interceptors we're moving up into alaska, it's costing us now two to three times what should it have cost, and we'll hear to borrow money from china, in order to
ceiling vote coming up soon. we have to stop the spending -- >> neil: you used to work there, and i always think there's a method to all madness, and i think that someone there, within the ranks of the party establish; must be saying, we can't agreg aggressively push this because maybe in and of itself, pushing the idea of immediately attacking the debt and we don't, immediately backfires on us. >> i'll go bark the words of the former chairman of the joint chiefs of staff mullen who...
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Mar 21, 2013
03/13
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but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right there. agree to cut $2.1 trillion in spending over ten years. this wasn't a big cut. we are at the -- spending were flat for ten years, we would have spent $37 trillion. as i recall, if under the baseline then in effect, we were expected to grow it to $49 trillion over ten years. $49 trillion. this would have reduced it to $47 trillion. so we reduced the growth of spending from $37 trillion to $47 trillion instead of $49 trillion. now you would have thought we were throwing the sink and the country into the ocean. but in january, six months later, he proposes a budget that wipes out 60% of that
but i've got to have my debt ceiling now. less than two years later we've already increased the debt ceiling $2.1 trillion. we're right up there again having to raise the debt ceiling again. it will be a matter of weeks that this has got to be confronted again. well, what about the spending cuts? before the ink was dry on that agreement, signed by the president himself, i've got the document right here, in blue ink, barack obama right there. agree to cut $2.1 trillion in spending over ten...
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Mar 22, 2013
03/13
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ceiling, increasing the debt ceiling is like putting your groceries on a credit card. when in reality it's the equivalent of not paying your bills. >> bill: certainly if they are going to stick to the ryan budget, they are going to have to sell it better this time around. chris moody from yahoo! news. and eric is here as a friend of bill. >> announcer: heard around the country and seen on current tv. this is the "bill press show." ♪ criticizing, and holding policy to the fire. are you encouraged by what you heard the president say the other night? is this personal or is it political? a lot of my work happens by doing the things that i am given to doing anyway. staying in tough with everything that is going on politically and putting my own nuance on it. not only does senator rubio just care about rich people but somehow he thinks raising the minimum wage is a bad idea for the middle class. but we do care about them, right? vo: the war room monday to thursday at 6 eastern i think the number one thing that viewers like about the young turks is that we're honest. they c
ceiling, increasing the debt ceiling is like putting your groceries on a credit card. when in reality it's the equivalent of not paying your bills. >> bill: certainly if they are going to stick to the ryan budget, they are going to have to sell it better this time around. chris moody from yahoo! news. and eric is here as a friend of bill. >> announcer: heard around the country and seen on current tv. this is the "bill press show." ♪ criticizing, and holding policy to the...
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Mar 23, 2013
03/13
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a deal that would avoid, for example, having to worry about raising the debt ceiling end of july, early august. is that at all doable? >> it is possible. i wouldn't go as far as saying doable now. but what i will say, the difference in approach now versus say two years ago when they tried this and it failed and it was, you know, almost the end of the world as the u.s. bumped up against the debt ceiling, the difference is they are going through what we call in washington regular order. everything is done in the open. i think that has lead to a different atmosphere on capitol hill where people know what's going on, they're voting on measures, and they're not waiting to see the white smoke from the white house when the president and house speaker and others are having private meetings that nobody is involved in. the fact that they didn't trust each other, then rank and file didn't trust them behind closed doors, that added to the problem. the fact it is happening in the open could help. >> at least the president is engaged in the so-called charm offensive, speaking with republicans, inviti
a deal that would avoid, for example, having to worry about raising the debt ceiling end of july, early august. is that at all doable? >> it is possible. i wouldn't go as far as saying doable now. but what i will say, the difference in approach now versus say two years ago when they tried this and it failed and it was, you know, almost the end of the world as the u.s. bumped up against the debt ceiling, the difference is they are going through what we call in washington regular order....
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Mar 20, 2013
03/13
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maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in another part of the world which may have to influence what he does here in the united states. >> that's exactly right. cyprus is going to play a big role in how he deals with europe. i think the fed wants to be curbs. if it's going to make any kind of move, it wants that move to be successful. that's going to be a guiding principle going forward. we have to remember there's a lot of forward looking events like that debt ceiling issue which is going to crop up in the middle of may. how we handle that will influence the economy going forward. we have to th
maybe we get a debt ceiling fight down the road. washington still hanging on this economy to a great degree, it means the fed -- also nowhere near the unemployment target. there's nothing in the numbers to suggest the fed would be anything but completely dovish. >> sue? >> josh is going to join the conversation now. i think basically ben set it up for us perfectly. it does seem to be the u.s. fed versus the rest of the world. and once again mr. bernanke is presented with a crisis in...
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Mar 23, 2013
03/13
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you are going to have a debt ceiling debate when funding for the government runs out. president and white house wants to have a deal with some kind of tax increase and house republicans do not want to include that in any kind of package. they don't want the debt increases limited. secondly, there is talk about a grand bargain to get a new budget in place. >> gregg: how do you handicap that? >> i think this is one of better chances we've seen in a while. >> gregg: why, because the president is paying attention to his poll numbers which is dropping considerably? >> i think he is paying attention to congress. first term he ran against them for reelection campaign. he didn't want much to do with congress. he didn't work with them or invited them up to the white house. this is the first time we have soon signs of reaching across the 16 blocks to capitol hill. i think house republicans have come to the point where they really see that the american public is sick of what i would call crisis fatigue. every three to five months there is some crisis in congress and go down to th
you are going to have a debt ceiling debate when funding for the government runs out. president and white house wants to have a deal with some kind of tax increase and house republicans do not want to include that in any kind of package. they don't want the debt increases limited. secondly, there is talk about a grand bargain to get a new budget in place. >> gregg: how do you handicap that? >> i think this is one of better chances we've seen in a while. >> gregg: why, because...
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Mar 19, 2013
03/13
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does the sequester continue, do we have crazy -- another complication over the debt ceiling. at this point, it is dysfunct n dysfunctional politics getting in the way of an economy gradually getting its act together. >> does the economy in terms of federal finances need what's been characterized as a grand bargain? do you think it's possible? i was listening to a political analyst who said if a grand bargain means somebody has to -- each side has to sign on to raising tacks and cutting entitlement, he knew of no politician who would buy that bargain. >> i don't think it's likely, but i wouldn't put it this way. i would say the division between the parties is too large. that we've -- we as republicans basically have not acknowledged the election. that's the problem. it is not urgent. the congressional budget office debt projections show pretty much stable u.s. indetectivedness for the next ten years. they do not show anything that looks like a crisis. we have long, long run problems but not anything that has to be dealt with this year or five years from now or seven years from
does the sequester continue, do we have crazy -- another complication over the debt ceiling. at this point, it is dysfunct n dysfunctional politics getting in the way of an economy gradually getting its act together. >> does the economy in terms of federal finances need what's been characterized as a grand bargain? do you think it's possible? i was listening to a political analyst who said if a grand bargain means somebody has to -- each side has to sign on to raising tacks and cutting...
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Mar 23, 2013
03/13
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ceiling, all of those issues seem to be moving out later into the year. so as a result the impediments that were slowing the economy down over the last couple of quarters we think will result in better economic growth. the equity market is starting to sense that. i think to some degree that is some of the reasons why the markets ignored washington and ignored sandy so far this year and is up 10% or so. >> that is why you have such a bullish forecast for the s&p. you are calling for it to end the year at 16.60. it is all going to play out pretty strongly. >> we think corporate earnings will chug along may increase about $108 full year for the s&p. we think we will get a little multiple expansion from 14 to 15 times as treasury yields continue to work higher. that will drive out of bounds and into stocks. we think the equity market ends up with a 15% to 20% positive return for the year. >> that is a good way to turn to stocks that are going to perform well. you have len on the big board as your top pick. you reported the blowout earnings this year. the stoc
ceiling, all of those issues seem to be moving out later into the year. so as a result the impediments that were slowing the economy down over the last couple of quarters we think will result in better economic growth. the equity market is starting to sense that. i think to some degree that is some of the reasons why the markets ignored washington and ignored sandy so far this year and is up 10% or so. >> that is why you have such a bullish forecast for the s&p. you are calling for it...
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Mar 23, 2013
03/13
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ceilings to fiscal cliffs. we keep hearing the sky is falling. >> what it about trying to make the president look bad. you think republicans like this is hanging out there and they think if there's no apocalypse it will make the president look bad? >> i think they miscalculated, they thought the american people would respond a little more aggressively against the sequester than they actually had. i think that was part of the idea, they don't want to kick the can down the road they want to fight this. ultimately they'll come up with some issue that they can hold onto and say look we won, we forced the president to his knees but until that happens, this is what you'll see, continuous sequester and a president who is hanging out on a limb. >> bizarro world. >> what do the cuts do to people worried about the belt tightening, is there a risk that the economy absorbs it and you don't have a lasting effect? >> there's not a risk, there's an actuality, reality that $17 trillion economy can cut back on 1% of government
ceilings to fiscal cliffs. we keep hearing the sky is falling. >> what it about trying to make the president look bad. you think republicans like this is hanging out there and they think if there's no apocalypse it will make the president look bad? >> i think they miscalculated, they thought the american people would respond a little more aggressively against the sequester than they actually had. i think that was part of the idea, they don't want to kick the can down the road they...
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Mar 20, 2013
03/13
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ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six months -- less that six months after he signed the budget control act eliminating a little bit of the growth in spending, he's proposing to eliminate it, at least the sequester part of it, which is $1.2 trillion, 60%. so here are some other figures that are plain that the american people should know about this budget. it has a 60% spending increase over ten years, would increase spending 60%. it has $162 billion increase in spending next year, another stimulus bill. $7.3 trillion in new federal debt will be added under this budget over the next ten years. $1.5 trillion in tax increases. 80% incr
ceiling, and a lot of members of congress were reluctant to raise the debt ceiling since we were so irresponsible around this place, but an agreement was reached recognizing that could be disruptive to a significant degree, that we would raise the debt ceiling $2.1 trillion but we would reduce spending over ten years $2.1 trillion. well, we've already run up another $2.1 trillion in debt. we've already hit that. but they're proposing, and the president himself in his budget last january, six...
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Mar 23, 2013
03/13
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we're not there yet which we got a debt ceiling debate that's going to be coming in the next few months. while they passed two budgets they haven't gone through the whole process. we could continue with a number of stop gap measures keeping government from shutting down until someone comes to a big agreement. host: on our line for republicans, go ahead. caller: thank you sir for taking my call which really enjoy c-span. i don't get to watch it much due to the fact i'm in school monday through friday. i'm an american government teacher and have been for the last 19 years and i have a question the for your young lady. i would like her to define the word politico. that's the first question. number two, what is frightening for the student i face daily and have faced for the past 19 we now the fact that govern by party, we don't govern by the constitution. ealthcare not mentioned in the document. not expressly or interntly mentioned by the document. if washington would have thought it was important, it would have been in there. secondly resolutions as you mentioned are not binding and all it
we're not there yet which we got a debt ceiling debate that's going to be coming in the next few months. while they passed two budgets they haven't gone through the whole process. we could continue with a number of stop gap measures keeping government from shutting down until someone comes to a big agreement. host: on our line for republicans, go ahead. caller: thank you sir for taking my call which really enjoy c-span. i don't get to watch it much due to the fact i'm in school monday through...
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ceiling crises these are all manufactured these are not out of our control they're not out of congress's control they manufacture the perception of a crisis to put. through or at least try to push through extreme measures that they know polling tells them they can't pass unless there is a sense of panic and i'll give you a couple of examples here i mean the biggest example of that is social security cuts social security has essentially nothing to do with our long term debt challenges but if you claim and you raise the perception that there's an imminent budget crisis and imminent budget emergency it logically will become more easy to pass social security cuts even though they have nothing to do with the debt even though the public polls of the public oppose those but it will be easier to pass them if you create the perception of a crisis and so every single time going forward that the republicans say that they were facing an imminent crisis and that justifies all sorts of policies that the public opposes americans should remember this weekend in which the republicans made it that they're
ceiling crises these are all manufactured these are not out of our control they're not out of congress's control they manufacture the perception of a crisis to put. through or at least try to push through extreme measures that they know polling tells them they can't pass unless there is a sense of panic and i'll give you a couple of examples here i mean the biggest example of that is social security cuts social security has essentially nothing to do with our long term debt challenges but if you...
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Mar 21, 2013
03/13
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we were down two years ago when we had spain one and the first debt ceiling, we were down 10%. this week we're barely down at all, maybe a percent. every time we get through one of these and we will get through this, more and more investors become convinced that the category 10 earthquake has already happened. and long-dated assets like equities should be worth what we think they are worth based on long-term fair value assessments. we think the s&p should be trading 17, 18 times. >> let me get more personal, then, steve. are you a buyer, as we see any kind of cyprus-inspired dips like today, like recently, would you be a buyer? >> absolutely. we're recommending people be overweight eck witdquityequitie. that's what we would be doing here, mandy. i think jack's going to be waiting a long time. europe's going to have a series of these aftershocks, but it's part of the healing process. i think they will get through this cyprus thing. i think most european aren't even sure if cyprus is part of the eu. it's got this russian interest which makes it very unique. it's very different th
we were down two years ago when we had spain one and the first debt ceiling, we were down 10%. this week we're barely down at all, maybe a percent. every time we get through one of these and we will get through this, more and more investors become convinced that the category 10 earthquake has already happened. and long-dated assets like equities should be worth what we think they are worth based on long-term fair value assessments. we think the s&p should be trading 17, 18 times. >>...
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Mar 23, 2013
03/13
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and yet it is carried forward through this kind of trick of the budget control act, the debt ceiling deal, and all these straitjackets that have been put onto the process so that we are now two years later, even though there's not public support for it in any deep sense, it has been repudiated at the ballot box by a fairly significant majority, house, senate, and the presidential election, we have inherited this terrible policy which is going to cause needless pain and suffering. >> but it's like they've taken a machete to it across the board as oppose toed the many democrats who say, look, we know we need to make cuts in places. why not wield more of a scalpel to do it? what prevents them from doing that? >> there was this kind of weird politicalcle clati clalculation that the republicans tried to hand the president the scalpel back when the deadline was approaching and the president rejected it because he doesn't want to own the cuts. one of the things to understand about the politics is the republicans want cuts but they don't want to own them, and their biggest political goal is
and yet it is carried forward through this kind of trick of the budget control act, the debt ceiling deal, and all these straitjackets that have been put onto the process so that we are now two years later, even though there's not public support for it in any deep sense, it has been repudiated at the ballot box by a fairly significant majority, house, senate, and the presidential election, we have inherited this terrible policy which is going to cause needless pain and suffering. >> but...
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Mar 25, 2013
03/13
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the debt ceiling? >> debt ceiling. it's a continuing resolution. i guess that's been passed. >> already passed. >> the debt ceiling, which i think was anticnated august or september, last week, i haven't checked all of the details. the last time i checked in with this, way back when the republican senators had dinner with president obama,ists told that they didn't expect the debt ceiling issue to come to a head until august or september. so, they've kind of kicked the can down on the road on that one. it will be awhile. i suspects on the budget that will be the next big thing. >> one more time. you may have missed a few if you were out of town but michelle bachman gave a controversial speech at cpac where she went after the president for living a life of luxury in the white house including the fact that he had, you know, six-figured dog walker, dana bash from cnn tried to chase down michelle bachman. she had to chase her down running, michelle bachman running away. we will play a quick clip where she refuses to back up her charge about the dog walk
the debt ceiling? >> debt ceiling. it's a continuing resolution. i guess that's been passed. >> already passed. >> the debt ceiling, which i think was anticnated august or september, last week, i haven't checked all of the details. the last time i checked in with this, way back when the republican senators had dinner with president obama,ists told that they didn't expect the debt ceiling issue to come to a head until august or september. so, they've kind of kicked the can down...
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Mar 18, 2013
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the next speaker has been an outspoken advocate to not raise the debt ceiling so our children do not inherit a debt-ridden future. the next speaker has been outspoken for the unilateral repeal for obamacare. [applause] more so than anything else, our next speaker is one of the most courageous conservatives in the country. she stands for principle, she will oppose a republican just like she will oppose a democrat. she's fighting if the future of the country so my generation can prosper. ladies and gentlemen please join me in welcoming congresswoman michelle bachman. [applause] >> good morning. good to see you. good morning. love you too! good morning. welcome, everyone. thank you for that wonderful cpac early morning welcome. welcome to washington, d.c. the epicenter of care and compassion. it is a very unique city as you know. you have to show a photo i.d. in other words to have a white house tour then they turn around and demand you put away your i.d. before you vote for the man sitting in the white house. it is a city of care and compassion. i want to ask you an important question
the next speaker has been an outspoken advocate to not raise the debt ceiling so our children do not inherit a debt-ridden future. the next speaker has been outspoken for the unilateral repeal for obamacare. [applause] more so than anything else, our next speaker is one of the most courageous conservatives in the country. she stands for principle, she will oppose a republican just like she will oppose a democrat. she's fighting if the future of the country so my generation can prosper. ladies...
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Mar 21, 2013
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we increased the debt ceiling. people do not understand what that is. it is foreiling says money you have already spent. if you owe money, you cannot pay the bills. you have to pay the bills. otherwise the country defaults. the treasury people tell us that would be catastrophic. so you have to pay the bills. we have raised the debt ceiling 77 signs -- times since world war ii. there is political demagoguery from whatever clinical party was in go the minority. at the end, there was a vote for it. they say if you increase the debt ceiling coming up to cut spending by an incredible amount. over 10 years. white 10 years? arbitrary. -- why over 10 years? arbitrary. 2.4 congress voted for $ trillion in cuts. 2 trillion -- the sequester makes no sense at all. from our point of view, we do not have a that crisis or deficit crisis. we have a jobs crisis. we have reduced the deficit. the only intelligent way to measure deficit is as a percent of the economy. . percent of gdp that is for a simple reason. if you owe $10,000 on your credit card, is that urban some o
we increased the debt ceiling. people do not understand what that is. it is foreiling says money you have already spent. if you owe money, you cannot pay the bills. you have to pay the bills. otherwise the country defaults. the treasury people tell us that would be catastrophic. so you have to pay the bills. we have raised the debt ceiling 77 signs -- times since world war ii. there is political demagoguery from whatever clinical party was in go the minority. at the end, there was a vote for...
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Mar 25, 2013
03/13
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CURRENT
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not the debt ceiling? it's gun violence, and it's unrestricted access to guns by criminals and the mentally ill, thanks to the capitol managements and the nras of the world who are arming criminals and -- and controlling our hard-fought democracy. we have got to take your democracy back. there are way more of us than there are of those lunatics in the nra, and their benefactors in the gun industry. but we have to hold our congress people accountable. >> michael: it seems, john noot to sort of douse your flames on this, it seems like they are calling. thanks goodness there is bloomberg to counter these people for the first time. isn't the moment going away now? i know we said that about gabby giffords, and i thought that was going to be the moment and it clearly wasn't, now i thought this was a no-brainer. what has to happen? >> i'm afraid something far worse than newtown. as we get further and further away from newtown, we're seeing even the democrats in the senate shy away from assault weapons and ammunit
not the debt ceiling? it's gun violence, and it's unrestricted access to guns by criminals and the mentally ill, thanks to the capitol managements and the nras of the world who are arming criminals and -- and controlling our hard-fought democracy. we have got to take your democracy back. there are way more of us than there are of those lunatics in the nra, and their benefactors in the gun industry. but we have to hold our congress people accountable. >> michael: it seems, john noot to...
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Mar 18, 2013
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republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the economy and i think it is going to be unpleasant for voters. from ron is up next watertown, south dakota. democrats' line. caller: thank you for taking my call. i have listened to you for a long time a
republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over...
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Mar 20, 2013
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that or the debt ceiling deadline coming up in the spring. we don't know if we'll get a reprieve turned into a pardon. >> thank you, sir. >>> the governor of colorado today signed new laws that regulate the sales of guns. hours earlier somebody gunned down one of his state's top law enforcement officials. the man who heads the bureau of prisons, opens the door and he's shot dead. connection? the latest from both ends of this important story coming up. max and penny keptur bookstore exciting and would always come to my rescue. but as time passed, i started to notice max just wasn't himself. and i knew he'd feel better if he lost a little weight. so i switched to purina cat chow healthy weight formula. i just fed the recommended amount... and they both loved the taste. after a few months max's "special powers" returned... and i got my hero back. purina cat chow healthy weight. after a few months max's "special powers" returned... with an intuitive motion activated lid and seat,ad bold makes sure you'll never have to ask him again. >> shepard: t
that or the debt ceiling deadline coming up in the spring. we don't know if we'll get a reprieve turned into a pardon. >> thank you, sir. >>> the governor of colorado today signed new laws that regulate the sales of guns. hours earlier somebody gunned down one of his state's top law enforcement officials. the man who heads the bureau of prisons, opens the door and he's shot dead. connection? the latest from both ends of this important story coming up. max and penny keptur...
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Mar 21, 2013
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obviously, corporate profits are up, but when you take into account our debt ceiling issues and then our -- obviously, o national debt and deficits -- neil: are they whistling past the graveyard? >> we'll have an adjustment. i hope not. i hope we continue to build incomes up, keep the corporate profits up, but unless we reform the tax code, unless we reform, obviously, the entitlement programs, unless we get debt and deficit and fiscal issues under control, we're in trouble. neil: senator, i thought you were swimming upstream in massachusetts. amazing, ted kennedy's seat, shocking, actually. maybe you set sights on a national stage where your argument resinates more among folks in the country. are you interested in that? >> i think you need people like me and others. you have rubio, portman, thune, good republicans, a lot of good democrats who bring a common sense approach to who we are -- neil: i know that, but would you specifically, scott brown? >> i'm not ruling anything out, but now i'm happy and honored to be a fox contributor. i'll recharge engines and bring my message to the
obviously, corporate profits are up, but when you take into account our debt ceiling issues and then our -- obviously, o national debt and deficits -- neil: are they whistling past the graveyard? >> we'll have an adjustment. i hope not. i hope we continue to build incomes up, keep the corporate profits up, but unless we reform the tax code, unless we reform, obviously, the entitlement programs, unless we get debt and deficit and fiscal issues under control, we're in trouble. neil:...
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Mar 22, 2013
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it was only done as a result of the republican black male on the debt ceiling. ceiling does not taste do not spend more money. -- does not say do not spend more money. you cannot payy, the bills and have to pay the bills. otherwise the country defaults. you have to pay the bills. ceilingraised the debt 77 times since world war ii. in the end, you have a vote for it and everybody knew that. until now. if you increase the debt ceiling, you have to cut spending by an incredible amount over 10 years. they were going to make the false. -- to make as default for the congress voted for will $0.20 trillion specified in -- todeficias a percent of the eco. if you el ten del dollars on a credit card, as that a lot or a little? -- if you owe $10,000 on your credit card, is that a little or a lot? to look and how burdensome the debt is, you have to take a percentage is. we have reduced the debt as a from 10.1% togdp 5.3%. we have cut it in half. the fastest reduction in the deficit since the demobilization after world war ii. vote against the sequester. at the three have don
it was only done as a result of the republican black male on the debt ceiling. ceiling does not taste do not spend more money. -- does not say do not spend more money. you cannot payy, the bills and have to pay the bills. otherwise the country defaults. you have to pay the bills. ceilingraised the debt 77 times since world war ii. in the end, you have a vote for it and everybody knew that. until now. if you increase the debt ceiling, you have to cut spending by an incredible amount over 10...
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Mar 25, 2013
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he's voted no on everything from hurricane relief to raising the debt ceiling. he's drawn comparisons to joe mccarthy. john mccain even called him a wacko bird. but cruz says things are just going great. he told the dallas morning news, "if you look at the vote on sequester, the filibuster on drone strikes and the vote on defunding obama car, republicans have stood together for principle. and in doing so, i believe we are winning the argument." with that kind of fuzzy logic, it's no wonder the americans are running away from the party. 27% of americans can identify as republicans. that's the lowest since the beginning of 2010. and only 33% have a favorable view of the gop. but senator cruz thinks republicans are winning the argument? yikes. maybe the effort to reboot the party is just a lost cause. joining me now, ryan grim and jamal simmons. ryan, do tea party republicans really think they are winning the argument here or are they just avoiding reality as long as possible? >> well, a lot of tea party republicans don't think that the other side has an even remot
he's voted no on everything from hurricane relief to raising the debt ceiling. he's drawn comparisons to joe mccarthy. john mccain even called him a wacko bird. but cruz says things are just going great. he told the dallas morning news, "if you look at the vote on sequester, the filibuster on drone strikes and the vote on defunding obama car, republicans have stood together for principle. and in doing so, i believe we are winning the argument." with that kind of fuzzy logic, it's no...
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Mar 21, 2013
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the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this country. we got to shrink down the welfare package that's out here. 80 different means tested welfare programs in the united states, just $2.5 trillion for the illegal component of this. a whole lot more if we don't get these entitlements under control. mr. speaker, the solutions are here. they are on this side of the aisle. they're actually in the platform. i endorse many of them. i appreciate your attention and i yield back the balance of my ime. the speaker pro tempore: the gentleman yields back his time. does the
the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this...
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Mar 20, 2013
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instweard looking for a showdown in the summer over the debt ceiling and that is something we can talk about another time but there is no real threat of a government shutdown that i see for this month. >> thanks for joining us for the update. >> sure. no problem. >> the head of immigration and customs enforcement testified day about 2,000 detained immigrants. that is next on c-span. then house republicans talk to reporters about the budget. then f.b.i. director talks about how they can end antiterror operations. 4 years ago today we began providing televised access. the c-span networks created by america at cable companies in 1979 and brought to you by your television provider. john morton who heads up immigration enforcement was asked about a house panel about the 2,000 illegal immigrants being held at detention centers. >> the judiciary committee will come to order and the chair has declare recesses of the committee at any time. i want to take the opportunity to make members aware of our new policy regarding participation in sub committee hearings. i was asked if members who are not
instweard looking for a showdown in the summer over the debt ceiling and that is something we can talk about another time but there is no real threat of a government shutdown that i see for this month. >> thanks for joining us for the update. >> sure. no problem. >> the head of immigration and customs enforcement testified day about 2,000 detained immigrants. that is next on c-span. then house republicans talk to reporters about the budget. then f.b.i. director talks about how...
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Mar 23, 2013
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we have a debt ceiling. while they passed to budgets, they still have not gone to the whole process. we could continue with these stop-measures to keep the government from shutting down until eight -- an agreement is made. , go ahead.ssee caller: i would like her to define the word "politico." americanught government for the past 19 years and we are not governed by parties. we do not covered by the constitution. example which one is not mentioned in the constitution. if madison and hamilton thought it was important and washington thought it was important, it would have been in there. resolutions are non- binding. all it does is increase the burden of debt of my students who are now in debt probably $50,000 already. they have not graduated from high school already. households are in debt to the tune of $150,000 -- host: you have given us a lot to work with. what level do you teach? caller: high school. 12th graders? caller: yes, sir, u.s. government. guest: host: if you go to our website, you will find inform
we have a debt ceiling. while they passed to budgets, they still have not gone to the whole process. we could continue with these stop-measures to keep the government from shutting down until eight -- an agreement is made. , go ahead.ssee caller: i would like her to define the word "politico." americanught government for the past 19 years and we are not governed by parties. we do not covered by the constitution. example which one is not mentioned in the constitution. if madison and...
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Mar 19, 2013
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and not razor debt ceiling's our children cannot inherit a debt ridden future. the next speaker has been an outspoken advocate for the unilateral repeal of obamacare. >> and more so than anything else, our next speaker is one of the most courageous conservatives in the country your she stands for principle, she will oppose republican just like she will oppose a democrat. she's fighting for the future of this country, so my generation can prosper. ladies and gentlemen police join me in welcoming congresswoman michele bachmann. [cheers and applause] ♪ ♪ >> good morning. good to see you. so glad you're here. good morning. love you, too. good morning. welcome, everyone. thank you for that wonderful, wonderful tea bag or the morning welcome. and you are up and you. welcome to washington, d.c. the epicenter of care and compassion. it is a very unique city, as you know. you have to show a photo id in would have a white house tour. and then they turn around and demand you put away your id before you vote for the man sitting in the white house. it's a city of care an
and not razor debt ceiling's our children cannot inherit a debt ridden future. the next speaker has been an outspoken advocate for the unilateral repeal of obamacare. >> and more so than anything else, our next speaker is one of the most courageous conservatives in the country your she stands for principle, she will oppose republican just like she will oppose a democrat. she's fighting for the future of this country, so my generation can prosper. ladies and gentlemen police join me in...
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Mar 19, 2013
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ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have several problems. the trillion dollars that obama obama -- obamacare tax increases in this decade have begun to hit now. oddly enough the democrats in the house and senate decided to put the tax increases, both of them after the 2012 election so everybody voted and now the tax increase has hit. this is not helpful for the economy and they think it's going to be unpleasant. >> host: up next from watertown south dakota on the democratic line. good morning, ron. >> caller: good morning and thanks for taking my call. i listened to you f
ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion...
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Mar 23, 2013
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even with the debt ceiling back in 2011. half of our time between january and june, half of our time was not spent on ledge slayive business. in 2011, it was the fewest number of days we were in session since 1992 and it was coinciding with one of the events that created the highest level of policy uncertainty than any event in the last 20 years. that surpassed the wars, september 11th, just to name some major events. that debt ceiling debacle did more to disrupt the public's confidence in the integrity of the political process in washington. you have to make your elected officials accountable. you have social media. you can build an online community and you get a message multiplier. you can find out where your lawmakers are, are they in session five days a week? they should be working. these are things you can do right now. these are simple but concrete solutions. how can you deal with our ma
even with the debt ceiling back in 2011. half of our time between january and june, half of our time was not spent on ledge slayive business. in 2011, it was the fewest number of days we were in session since 1992 and it was coinciding with one of the events that created the highest level of policy uncertainty than any event in the last 20 years. that surpassed the wars, september 11th, just to name some major events. that debt ceiling debacle did more to disrupt the public's confidence in the...
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Mar 25, 2013
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ceiling increase. they'll pass a budget. the house passed a budget. in theory what they're supposed to do is reconcile the two of them, come up with a compromise and make that budget the law. that's not going to happen, this was the end. this bill is going to die and there's no implication for keystone, excel, abortion or anything else. it's symbolic. >> quoting myself, it's a statement of priorities. and the fact that the republicans are still trying to litigate the issue of the affordable care act, still talking about contraception, still talking about a woman's right to choose, it's a testament, those are not winning issues for the republican party. i want to talk to you, josh, you have a great column in bloomberg view, talking about republicans and their deficit amnesia. michael writes in the "daily beast," the gop is advancing three crucial lies, that we have to balance the budget, that public investment at this point is irresponsible and that if we do slash spending and balance the budget, jobs w
ceiling increase. they'll pass a budget. the house passed a budget. in theory what they're supposed to do is reconcile the two of them, come up with a compromise and make that budget the law. that's not going to happen, this was the end. this bill is going to die and there's no implication for keystone, excel, abortion or anything else. it's symbolic. >> quoting myself, it's a statement of priorities. and the fact that the republicans are still trying to litigate the issue of the...
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Mar 22, 2013
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jon: but, judy, the republicans caved on things like the fiscal cliff and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly partisan, politicized electorate they will really come down on you like a ton of bricks if you do anything they don't like, which is a point that nate silver made in a recent analysis on the polling drop. i think coming right after this, the president's, what seems to be a very successful trip to the middle east just shows you that the american people are focused on the economy and they're focused on economic uncertainty. they're not focused on foreign policy as much as some of us would like, they really care about whether or not he's going to deliver any economic prosperity in the second ter
jon: but, judy, the republicans caved on things like the fiscal cliff and the debt ceiling. it seemed like he was a on a roll in the early weeks. >> right, jon, but that may establish the point which is, that if you start out with a lower level of popularity than presidents traditionally started out, their second term, you have further to fall, to rise in the polls if you're numbers go up but you have less to fall if, below to get that below that 50% mark. if you start out with a highly...
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Mar 25, 2013
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they'll want something in exchange for voting to raise the debt ceiling but won't be a big midnight battle like the last couple. >> thanks so much. >> thank you. >>> today's tweet of the day comes from pentagon press secretary george little. today is national medal of honor day. take a moment to retweet a salute to medal of honor recipients throughout american history. #heroes. n horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com in that time there've been some good days. and some difficult ones. but, through it all we've persevered, supporting some of the biggest ideas in modern history. so why should our history matter to you? because for more than two centuries, we've been helping ideas move from ambition to achievement. ♪ and the next great idea could be yours. ♪ >>> the weather is giving new meaning to the term march madness. a major storm dumping several inches of snow on a wide area from the midwest to the mid-atlantic. st. louis has gotten about a foot. it is the biggest one day total ever for march. weather channel meteorologist mi
they'll want something in exchange for voting to raise the debt ceiling but won't be a big midnight battle like the last couple. >> thanks so much. >> thank you. >>> today's tweet of the day comes from pentagon press secretary george little. today is national medal of honor day. take a moment to retweet a salute to medal of honor recipients throughout american history. #heroes. n horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at...
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Mar 24, 2013
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this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons is that it's hard to define what assault weapons is, whether the ten-year ban, the federal ban made a difference. >> so colorado can't pass a ban on semiautomatic assault weapons. do you take that as a sign it's not going to pass in any state? >> well, it's really hard to know. every state is different. but there is a huge question here. lawmakers feel a lot of pressure from gun lobbyists, gun rights groups and this is why the effort is so interesting. he says he's going to spend $12 million to really look at senators that might be persuadable, particularly those with strong gun rights cul
this is something that will come up again with the debt ceiling fight this summer. but if you look at what the senate just passed, this is as christina said, they want to raise taxes. >> guys, let's switch to gun control here. christina, there's mention of the push for the gun control measures. a new gun control law was signed into law described as tough but does not ban semiautomatic assault weapons. here's the governor today. >> i get the feeling right now around assault weapons...